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Singapore's Audience Analytics H1 profit jumps on higher contracted services fulfilment

Singapore's Audience Analytics H1 profit jumps on higher contracted services fulfilment


Overview

  • Singapore business media firm's H1 revenue rose 12.6% yr/yr on higher contracted service fulfilment

  • Net profit for H1 jumped over fourfold from prior year

  • Gross profit margin expanded to 43.1% on cost management and operational efficiencies


Outlook

  • Company expects continued demand for business impact assessment and networking platforms

  • Audience Analytics plans further investment in digitalisation and adoption of AI initiatives

  • Company will evaluate merger and acquisition opportunities to expand market presence


Result Drivers

  • CONTRACTED SERVICES - Co said higher fulfilment of contracted services drove revenue growth in H1

  • COST MANAGEMENT - Co attributed gross margin expansion to effective cost management and operational efficiencies

  • STRATEGIC INVESTMENTS - Co said investments in VeecoTech and Snowball strengthened digital capabilities and regional presence


Company press release: ID:nSN6vwHd0


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

H1 Revenue

S$3.91 mln

H1 Net Income

S$640,000

H1 Gross Margin

43.10%

H1 Gross Profit

S$1.69 mln


Reuters Recommended Reads

  • Aug 12 - Singapore's Heptamax International preliminary half-year revenue surges

  • Aug 10 - NIQ Global Intelligence Q2 revenue rises, partly on pricing strength

  • Aug 12 - Similarweb beats Q2 estimates on AI demand, lifts FY outlook


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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